NCC Q2 FY 25 Profit Doubles, Revenue Rise; Shares Lag

On November 8, 2024, NCC share price reported a jump in profit of ₹174.8 crore in Q2 FY25 as against ₹86.2 crore in the same quarter last year. Meanwhile, revenue for the quarter stood at ₹5,196 crore as against ₹4,719.6 crore in the corresponding quarter last year.

Q2 FY25 Performance

NCC’s EBITDA saw a healthy 45.8% growth on yearly basis to ₹443 crore from ₹303.7 crore last year. However, The operational revenue of the company witnessed a decline of 6% at ₹5195.98 crore on a quarterly basis, making shareholders cautious of the future.

The EBITDA margin for the quarter increased by more than 200 basis points, rising to 8.5% from 6.4% in the same quarter last year.

On a consolidated basis, NCC reported an Earnings Per Share (EPS) of ₹2.6 for the September quarter, up from ₹1.23 in the corresponding quarter of the previous year.

Recent Developments in NCC

The company announced in an exchange filing earlier this month that it secured orders totalling ₹3,496 crore in October 2024. Of these, ₹2,684 crore were for the construction segment, ₹538 crore for the Electrical Division, and ₹274 crore for Water and other related businesses.

NCC Share Price Performance

NCC shares traded 3% lower at ₹306.50 at 1:30 PM. The share opened at the day’s high of ₹318.50 and touched the day’s low of ₹305.80 during early trade. For the current week the stock is down around 1.5%.

About NCC

NCC Limited is involved in the construction sector both in India and abroad. The company operates across three main segments: Construction, Real Estate, and Others. Its portfolio includes the construction of industrial and commercial buildings, residential projects, IT parks, sports complexes, hospitals, stadiums, highways, roads, flyovers, bridges, and more.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.